Capitalism and Corruption across the African, Asian, and North American Economies

The symposium brought together researchers with extensive research and personal experience in fourteen American, Asian, and North American countries to discuss the challenges of capitalism and corruption in markedly diverse economies. The researchers argued capitalism can lead to increased level of corruption in some economies, and corruption is a by product of the capitalism coupled with bad governance, and has a negative effect on the economy.



The key points shared by the researchers were that there was no clear definition of capitalism, the history of East shows that the seeds of capitalism were planted in the Indian sub-continent starting in the thirteen century, and the idea of capitalism motivates people in both the right and wrong directions. It sometimes creates conflicts between the cultures, religions, values, beliefs of a society, and the economic process for growth. Other areas discussed were individual and collective capitalism, digital economy, microcell economy, and corruption. Also, a new definition of capitalism was proposed as a process of achieving personal, social, political, technological, and economic growth, with fewer constraints and boundaries, in order to provide opportunities for everyone in the society to participate in that growth.  Based on the research conducted by the group for the symposium, a book, Capitalism and its Challenges Across Borders, edited by Bahaudin Mujtaba was published and it is available on the online bookstores such as Amazon and Barnes and Nobles, and other bookstores.



Author: Prof. Mohammed R. Ahmed

Prof. Mohammed R. Ahmed has taught graduate, and doctoral courses for the last three decades. He has served as a dissertation chair and committee member for several doctoral candidates in the business and management program. He has chaired, presented, and discussed papers at various national, and international conferences. He has received teaching awards for best student oriented business faculty, and also received the Best International Symposium Award at the Annual Academy of Management meeting at Boston in August 2012.

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  • Miguel Olivas-Lujan

    Well done!! Congrats on an interesting session and a very enticing book!!

    • prof. Mohammed R. Ahmed


  • Bahaudin

    Thank you Mohammad. This was a great session thanks to the excellent presentations of professors from so many different countries.

    Special thanks go to the 16 Chapter authors from the following continents and countries on providing up-to-date and comprehensive coverage of capitalism and its consequences in each nation:

    – Asia (Afghanistan, Pakistan, India, China, Japan, Thailand, Vietnam, and Singapore),

    – Africa (Uganda, Nigeria, and Ghana),

    – Latin America (Venezuela), and

    – North America (the United States, Jamaica, Haiti, and Cuba).